Zimplats, the country’s biggest platinum mine, scaled up capital expenditure over the past year as part of its US$1.8 billion expansion plan. But how much of this was spent locally?
In the financial year...
President Emmerson Mnangagwa has broken ground at the site of a steel plant being built at Manhize, near Chivhu.
Officials are touting it as one of the biggest private investments in Zimbabwe. Once a...
Zimbabwean miners could pay half of their royalties in minerals as part of a plan by Government to build up mineral reserves.
Currently, platinum miners pay 2.5% in royalties. They start paying 5%...
A perfect storm of breakdowns at Hwange’s aged power plants, failure of a unit at Kariba, and a fire that took out transmission lines caused the worst outages in years this week, the Energy Ministry says.
Simbisa Brands, the country’s biggest fast foods company, added 27 new outlets in the past year and plans a further 45 as part of a US$23 million expansion.
The company, which owns brands such...
The Zimbabwe National Roads Authority (ZINARA) has negotiated new contracts with Univern Enterprises, officials told a parliamentary committee on Monday, drawing the ire of lawmakers who last year recommended that the agreements be cancelled.
The IMF says Zimbabwe is taking “the right direction” by tightening monetary policy, but says the country needs broader economic reforms to sustain growth.
An IMF staff meeting team, led by Dhaneshwar Ghura, has...
Government is pushing ahead with measures to screen government contracts but is facing resistance from government and suppliers, Finance Minister Mthuli Ncube said Monday.
A memo by Treasury to Parliament turning down payment for...
The Government has signed an MoU with Eagle Canyon International of Hong Kong and Pacific Goal Investment to develop an industrial park to process battery minerals such as lithium and nickel.
The ambitious plan...
ZIMRA has garnished US$24 million from Unki Mines, leaving the country’s second biggest platinum operation at risk.
The revenue authority accuses Unki of underpaying royalties, but Unki has lodged an urgent court appeal against...
